Target Corporation (TGT)
Debt-to-equity ratio
| Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 13,432,000 | 12,514,000 | 11,990,000 | 11,605,000 | 11,232,000 | 11,019,000 | 10,592,000 | 10,774,000 | 12,827,000 | 13,803,000 | 14,860,000 | 14,959,000 | 14,440,000 | 13,319,000 | 12,578,000 | 11,169,000 | 11,833,000 | 11,545,000 | 11,836,000 | 11,117,000 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
February 3, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $13,432,000K
= 0.00
Based on the data provided, the debt-to-equity ratio for Target Corporation appears to be consistently at 0.00 over the past 20 quarters. A debt-to-equity ratio of 0.00 indicates that the company has not utilized any debt to finance its operations and has relied solely on equity funding. This suggests that Target Corporation has a conservative financial structure with a low risk of financial distress associated with high levels of debt. It also reflects a strong financial position, as the company's assets are predominantly financed by equity rather than debt. However, it's important to note that a very low debt-to-equity ratio may also indicate underutilization of debt financing opportunities that could potentially enhance returns for shareholders.
Peer comparison
Feb 3, 2024